# PPP loan: PREFERRED MECHANICAL INC.
> **$810K** approved 04/15/2020 · Paid in Full · Loan `1270547204`
## Borrower
- **Name:** PREFERRED MECHANICAL INC.
- **Address:** 18 Madison, KEYPORT, NJ, 07735
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $810K
- **Initial approval:** $810K
- **Forgiven:** $816K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $810K
- **Jobs reported:** 70
## Lender
- **Originating:** OceanFirst Bank, National Association
- **Servicing:** OceanFirst Bank, National Association (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*